Vista Outdoor sees FY25 revenue $2.665B-$2.775B, consensus $2.73B

“Our balance sheet remains strong and we generated robust cash provided by operating activities of $54M and adjusted free cash flow of $70M which drove a decrease in our net debt of $81M during the quarter to $579M and improved our net debt leverage ratio to 1.3x,” said Andrew Keegan, CFO of Vista Outdoor. “At Revelyst, we have been sharply focused on reducing inventory levels, and I am pleased with the progress our team has made, which has resulted in an approximately $100M inventory reduction from the year prior and nearly $10M sequentially from the prior quarter. These efforts continue to drive down our debt levels and contribute to maintaining our healthy balance sheet. At The Kinetic Group, the team remains steadfast on achieving our financial expectations while continuing to face competitive pricing and input cost headwinds, especially for copper and powder. Looking forward, we expect to see increased sales and sequential adjusted EBITDA momentum in the quarters ahead at Revelyst, as a result of new and exciting product launches and partnership launches, including the collaboration with Guy Fieri. We have also seen tremendous progress with our GEAR Up transformation program, which contributed $5M in realized cost savings in Q1 FY2025, providing a clear path to $25M-$30M of cost savings in FY25. This progress gives us confidence in our expectation to double Revelyst standalone adjusted EBITDA during the year,” Keegan concluded.